Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$309,368$261,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.040%7.400%
Blended rate7.590%7.640%
1st payment$2,098.85$1,807.11
2nd payment$0.00$0.00
Taxes / mo$357.25$357.25
Insurance / mo$150.00$150.00
MI / mo$144.01$52.20
HOA / mo$111.67$111.67
Total monthly$2,861.78$2,478.23
Cash to close$0$29,000